Current and former employees are the most common perpetrators of fraud: report

By Josh Bradford on January 19, 2017

Insiders were the leading source of fraud, cyber, and security incidents over the previous 12 months, according to Kroll’s 2016/17 Global Fraud & Risk report.

The survey of 545 senior executives worldwide revealed that 82 percent had suffered from a fraud incident in the past year. This was a substantial seven percentage point increase from 2015.
Additionally, 85 percent reported having at least one cyber incident over that same period.

“This year’s Kroll Global Fraud and Risk Report shows that it’s becoming an increasingly risky world, with the largest ever proportion of companies reporting fraud and similarly high levels of cyber and security breaches,” said Tommy Helsby, co-chairman, Kroll Investigations & Disputes. “The impact of such incidents is significant, with punitive effects on company revenues, business continuity, corporate reputation, customer satisfaction, and employee morale.”

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Josh is an Editor at Advisen in the Research & Editorial division. He is the lead editor responsible for several of Advisen’s Front Page News editions and he also originates custom research on behalf of Advisen’s largest insurance company clients. Contact Josh at jbradford@advisen.com.